Canaccord Genuity analyst Tim McCormack maintained a Buy rating on Regis Resources Limited (RGRNF – Research Report) on April 18 and set a price target of A$2.55. The company’s shares closed last Monday at $1.43.
McCormack covers the Basic Materials sector, focusing on stocks such as Regis Resources Limited, Northern Star Resources Ltd, and Gold Road Resources Ltd. According to TipRanks, McCormack has an average return of 12.1% and a 59.31% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Regis Resources Limited with a $1.53 average price target, a 6.99% upside from current levels. In a report released on April 15, RBC Capital also maintained a Buy rating on the stock with a A$2.40 price target.
Based on Regis Resources Limited’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $51.05 million and a net profit of $997 thousand. In comparison, last year the company earned a revenue of $59.97 million and had a GAAP net loss of $2.41 million
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Regis Resources Limited (RGRNF) Company Description:
Regis Resources Ltd. is a mineral exploration and production company, engages in the exploration, evaluation, and development of gold projects. It operates its business through Duketon North Operations and Duketon South Operations segments. The Duketon North Operations segment focuses in the Duketon Gold project . The Duketon South Operations segment comprises Garden Well, Rosemont, Erlistoun, and Tooheys Well. The company was founded on May 2, 1986 and is headquartered in Subiaco, Australia.
